|Jurisdiction||Terms of registration of the new company||Registration of a company without nominal service||Annual support of the company without nominal service (from year 2)||Accounting and reporting|
Terms of registration of the new company2-3 weeks
Registration of a company without nominal service2 000€
The price is indicated taking into account 1 shareholder. If there are more shareholders the cost is 150 euros more for each additional shareholder. Also, if it is necessary to indicate the name in English, the registration fee will increase by 250 euros.
Annual support of the company without nominal service (from year 2)from 400€
The cost is indicated per month (excluding VAT) and depends on the number of employees, accounting operations, availability of assets or inventory control. If you provide us with more detailed information about the expected number of transactions and the mechanism of work, we will be able to give you more detailed calculations.
Accounting and reportingfrom 200€
The Republic of Lithuania is an European state located in the Baltic states. The country has a rapid economic growth and a stable state management system. Despite the fact that Lithuania, comes from the USSR, it managed to achieve all European democratic standards and become the progressive Baltic country with a high level of income.
Moreover, this jurisdiction has created convenient and loyal conditions for the development of foreign business, which is attractive for new investments. Lithuania regularly ranks among the top European countries as one of the jurisdictions with the best taxation system.
This jurisdiction is most suitable for creating a cryptocurrency, transport or trading business. In addition, there is an opportunity to consider buying a ready-made company in Lithuania.
The activities of Lithuanian companies are regulated by:
There are different corporate forms of company registration, although the most common form is Closed Joint-Stock Company (UAB - Uzdaroji Akcine Bendrove).
Income tax is 15% (with a preferential 5% if a turnover is less than 300 000 euros/year, in which up to 10 employees are employed, and the shareholders do not own more than 50% of the shares in other companies). The tax is paid with a net profit of the company.
Dividend tax is 15%. If the parent company receives dividends from its subsidiaries that own at least 10% of the shares during 12 months, then such dividends are exempted from taxation (the so-called "substantial participation benefit").
Also, dividends received from a foreign company registered in EU Member State are not taxed.
VAT is 21%. It is necessary to receive VAT in case of purchase of goods worth more than 16 thousand euros from other EU countries or is there is sales worth more than 45 thousand euros over the past 12 months.
The tax rate of social contributions for the employer in the payment of wages is 30.98% of the accrued wages of each employee. Also, the employer has to contribute 0.2% of the accrued salary to the Guarantee Fund.
Lithuania has signed more than 50 treaties for the avoidance of double taxation, including those which are signed with Ukraine.
If you need to register company in Lithuania, contact our lawyers for advice:
+38 (098) 737-88-88
We will help you buy an incorporation in Lithuania or company in any other jurisdiction.